In re the Arbitration between Levin-Townsend Computer Corp. & Holland

Order entered November 6, 1967, herein appealed from unanimously affirmed, without costs or disbursements to either party. In January, 1966 Levin-Townsend Computer Corporation (LTCC) purchased all of the stock of two corporations, Computer Programmers & Analysists, Inc. (CP&A) and Commercial Processing & Automation, Inc. (COMM) from six individual stockholders including respondent. The purchase was made pursuant to a purchase agreement dated January 21, 1966. That agreement required that each of the selling stockholders enter into an employment contract with CP&A and COMM, whereby respondent,…